The Impact of Audit Committees‟ Meetings and Audit Fees on the Financial Performance of Listed Banks in Ghana
The Impact of Audit Committees‟ Meetings and Audit Fees on the Financial Performance of Listed Banks in Ghana
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Date
2019-11
Authors
Gyimah, Prince
Awinbugri, A E
Prince, G
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Publisher
ResearchGate
Abstract
he study adopted quantitative research approach and
descriptive research method to assess the impact of Audit
committee on financial performance of banks listed on the
Ghana Stock Exchange. Audit committee variables used were:
Audit Committee Meetings, Audit Committee Size, and Audit
fees. Financial performance was examined using Return on
Asset (ROA) and Return on Equity (ROE). The researcher
found that listed banks financial performance with respect to
ROA was positively influenced by audit committee size and audit
fees whilst ROE was negatively skewed by audit committee
meetings. Though negative relations were found between ROA,
ROE and some Audit committee variables as used in this study,
the regression model used indicated that over 60% of variability
in financial performance of the listed banks was due to Audit
committee and fees.
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Citation
Awinbugri, A. E., & Prince, G. (2019). The impact of audit committees’ meetings and audit fees on the financial performance of listed banks in Ghana. International Journal of Research and Innovation in Social Science, 3(5), 341-346.